Ant Group, backed by Jack Ma, is collaborating with USDC issuer Circle to integrate the stablecoin into its blockchain. This plan will proceed once USDC gains regulatory compliance in the United States, although the timeline for integration remains unclear. Recent reports highlighted that a US regulatory body would supervise Circle's USDC reserves, increasing regulatory clarity following the introduction of the GENIUS Act, which aims to provide stablecoin issuers with legal certainty. This isn't Ant Group's first foray into stablecoins; it recently partnered with JD.com to engage the People's Bank of China regarding stablecoin regulations. Operating as a leading fintech enterprise, Ant Group manages over $1 trillion in payments and offers various blockchain-related services via AntChain. Meanwhile, Circle expands its presence globally and has enhanced USDC's liquidity through partnerships, indicating an active push in the stablecoin space as legislation evolves. Circle's shares have also become significantly more valuable, showcasing investor confidence in its prospects.

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